SysJust Co (ROCO:3158) Piotroski F-Score: 5 (As of Jul. 16, 2026) — 150% Above Median

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ROCO:3158 SysJust Co Ltd ROCO:3158
91 GF Score
Price NT$83.30
GF Value NT$110.29
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is SysJust Co Piotroski F-Score?

SysJust Co ROCO:3158 91 Piotroski F-Score is 5 as of Jul. 16, 2026, which is 150% above its 10-year median of 2.00. GuruFocus rates ROCO:3158 with a GF Score™ of 91/100 and a GF Value™ of NT$110.29 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 785 Capital Markets companies, SysJust Co ranks better than 64.46% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

SysJust Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for SysJust Co's Piotroski F-Score or its related term are showing as below:

ROCO:3158' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 2   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of SysJust Co was 7. The lowest was 1. And the median was 2.

SysJust Co  (ROCO:3158) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


SysJust Co Piotroski F-Score Related Terms


SysJust Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SysJust Co's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SysJust Co Piotroski F-Score Chart

SysJust Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 3.00 1.00 7.00 5.00

SysJust Co Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 N/A 6.00 N/A 5.00

ROCO:3158 vs MS, GS, SCHW: Piotroski F-Score Comparison

For the Capital Markets subindustry, SysJust Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SysJust Co Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SysJust Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SysJust Co's Piotroski F-Score falls into.


ROCO:3158
91GF Score
SysJust Co Ltd ROCO:3158
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 38.871 + 44.303 + 42.502 + 71.869 = NT$198 Mil.
Cash Flow from Operations was 35.698 + 59.07 + 68.808 + 112.508 = NT$276 Mil.
Revenue was 231.746 + 245.345 + 244.675 + 290.601 = NT$1,012 Mil.
Gross Profit was 148.245 + 162.415 + 157.506 + 183.765 = NT$652 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(946.068 + 998.117 + 863.083 + 976.267 + 1408.907) / 5 = NT$1038.4884 Mil.
Total Assets at the begining of this year (Dec24) was NT$946 Mil.
Long-Term Debt & Capital Lease Obligation was NT$37 Mil.
Total Current Assets was NT$895 Mil.
Total Current Liabilities was NT$317 Mil.
Net Income was 21.046 + 68.012 + 40.975 + 62.768 = NT$193 Mil.

Revenue was 199.491 + 219.102 + 234.918 + 291.995 = NT$946 Mil.
Gross Profit was 127.994 + 142.87 + 142.337 + 191.896 = NT$605 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(850.028 + 0 + 763.019 + 0 + 946.068) / 5 = NT$853.03833333 Mil.
Total Assets at the begining of last year (Dec23) was NT$850 Mil.
Long-Term Debt & Capital Lease Obligation was NT$0 Mil.
Total Current Assets was NT$497 Mil.
Total Current Liabilities was NT$270 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

SysJust Co's current Net Income (TTM) was 198. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

SysJust Co's current Cash Flow from Operations (TTM) was 276. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec24)
=197.545/946.068
=0.20880634

ROA (Last Year)=Net Income/Total Assets (Dec23)
=192.801/850.028
=0.22681723

SysJust Co's return on assets of this year was 0.20880634. SysJust Co's return on assets of last year was 0.22681723. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

SysJust Co's current Net Income (TTM) was 198. SysJust Co's current Cash Flow from Operations (TTM) was 276. ==> 276 > 198 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=37.23/1038.4884
=0.03585018

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.255/853.03833333
=0.00029893

SysJust Co's gearing of this year was 0.03585018. SysJust Co's gearing of last year was 0.00029893. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=895.064/317.069
=2.82293129

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=496.591/269.941
=1.83962792

SysJust Co's current ratio of this year was 2.82293129. SysJust Co's current ratio of last year was 1.83962792. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

SysJust Co's number of shares in issue this year was 31.091. SysJust Co's number of shares in issue last year was 28.039. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=651.931/1012.367
=0.64396706

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=605.097/945.506
=0.63997161

SysJust Co's gross margin of this year was 0.64396706. SysJust Co's gross margin of last year was 0.63997161. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=1012.367/946.068
=1.07007847

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=945.506/850.028
=1.11232336

SysJust Co's asset turnover of this year was 1.07007847. SysJust Co's asset turnover of last year was 1.11232336. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+1+0+1+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

SysJust Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
SysJust Co (ROCO:3158) has a Piotroski F-Score of 5 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SysJust Co and its competitors. This is 150% above median its historical median of 2.00. Over the past decade, SysJust Co's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, SysJust Co ranks #279 out of 785 companies in the Capital Markets industry, placing it in the top 35.5%.
Is SysJust Co's Piotroski F-Score too high?
SysJust Co's current Piotroski F-Score of 5 is 150% above median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Capital Markets industry median Piotroski F-Score is 5.00. SysJust Co's value of 5 is 0% at this industry median. Based on the distribution chart, SysJust Co ranks #279 out of 785 companies in the Capital Markets industry, which is above the industry midpoint. Overall, SysJust Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SysJust Co's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, SysJust Co ranks #279 out of 785 companies for Piotroski F-Score. This puts SysJust Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. SysJust Co's value of 5 is 0% at this benchmark. Historically, SysJust Co's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 5.00, SysJust Co has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 785 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SysJust Co's current Piotroski F-Score of 5 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SysJust Co and its competitors. For the Capital Markets industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SysJust Co's current Piotroski F-Score is 5, which is 150% above median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SysJust Co stock overvalued right now?
Based on GuruFocus' analysis, SysJust Co (ROCO:3158) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$110.29, compared to a current price of NT$83.30 — trading 24.5% below its estimated fair value. The current Piotroski F-Score is 5, which is 150% above median its 10-year median of 2.00 and 0% at the Capital Markets industry median of 5.00. SysJust Co's overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For SysJust Co (ROCO:3158), the current Piotroski F-Score is 5 as of Jul. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SysJust Co (ROCO:3158) Overvalued in 2026?

Based on GuruFocus' analysis, SysJust Co stock appears to be undervalued. The current stock price of NT$83.30 is trading 24.5% below its estimated GF Value™ of NT$110.29. GuruFocus considers SysJust Co to be Modestly Undervalued.

Key valuation signals for ROCO:3158:

  • Piotroski F-Score: 5 (150% above median its 10-year median of 2.00)
  • GF Value™: NT$110.29 vs. price of NT$83.30 (24.5% below fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 0% at the Capital Markets median (#279 of 785)

No single metric tells the full story. See the ROCO:3158 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SysJust Co Business Description

Address Number 526 F, Civil Rights Road, Xindian District, New Taipei City, Taipei, TWN, 23141
SysJust Co Ltd is a Taiwan based company involved in providing online financial database services. It provides online real-time quotation service in line with the function of stand-alone board. The products offered by the company include XQ Global Winner, XS Strategic Radar and XQ Action Platform among others.
91GF Score

Get the complete analysis for ROCO:3158

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$83.30
Price
NT$110.29
GF Value